CT SB00380

Motor vehicle mill rates are capped at 39 mills for the assessment year beginning October 1, 2016, and 45 mills for the assessment year beginning October 1, 2017, and each year thereafter.

Municipalities and districts may set motor vehicle mill rates different from real property and personal property rates, provided combined district and town rates do not exceed the stated caps.

Municipalities that set motor vehicle mill rates prior to October 31, 2017, may revise them by vote of their legislative body or board of selectmen no later than December 15, 2017, to comply with the caps.

Beginning with the assessment year commencing October 1, 2021, municipalities and districts with motor vehicle mill rates exceeding 29 mills must provide a $5,000 exemption on assessed value for passenger motor vehicles.

Municipalities and districts may apply to the Secretary of the Office of Policy and Management for reimbursement of property tax losses related to the passenger motor vehicle exemption.